REGISTERED NUMBER: 09232351 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Lakeside Station Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Kerr

Mr P M Bryant

REGISTERED OFFICE:

Lakeside Station

Kings Road

Cleethorpes

Lincolnshire

DN35 0AG

REGISTERED NUMBER:

09232351 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Intangible assets

4

60,567

68,467

Tangible assets

5

22,417

22,819

82,984

91,286

CURRENT ASSETS

Stocks

6,300

6,660

Debtors

6

290,806

176,272

Cash at bank

2,471

56,201

299,577

239,133

CREDITORS

Amounts falling due within one year

7

(161,210

)

(204,742

)

NET CURRENT ASSETS

138,367

34,391

TOTAL ASSETS LESS CURRENT LIABILITIES

221,351

125,677

CREDITORS

Amounts falling due after more than one year

8

(62,019

)

(26,029

)

PROVISIONS FOR LIABILITIES

(5,604

)

(5,705

)

NET ASSETS

153,728

93,943

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

153,708

93,923

153,728

93,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr P M Bryant - Director

Mr J M Kerr - Director

1.	STATUTORY INFORMATION

Lakeside Station Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

79,000

AMORTISATION

At 1 February 2024

10,533

Charge for year

7,900

At 31 January 2025

18,433

NET BOOK VALUE

At 31 January 2025

60,567

At 31 January 2024

68,467

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

95,048

Additions

5,202

At 31 January 2025

100,250

DEPRECIATION

At 1 February 2024

72,229

Charge for year

5,604

At 31 January 2025

77,833

NET BOOK VALUE

At 31 January 2025

22,417

At 31 January 2024

22,819

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

122

6,000

Other debtors

290,684

170,272

290,806

176,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,033

5,483

Trade creditors

1,172

2,526

Taxation and social security

23,354

13,432

Other creditors

122,651

183,301

161,210

204,742

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

62,019

26,029

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,667

9.	RELATED PARTY DISCLOSURES

In the year, the Company advanced funds amounting to £3,480 (2024: £Nil) to the Company Seaside Railway Group, a company controlled by the directors. At the year end, the balance owed to the Company was £3,480 (2024: £3,480).

In the year, the Company recieved funds amounting to £Nil (2024: £9,837) from Northstead Manor Ltd, a subsidiary company of Seaside Railway Group Ltd. At the year end the Company owed Northstead Manor Ltd £9,837 (2024: £9,837).

In the year, the Company received funds amounting to £12,500 (2024: £156,646) and repaid funds amounting to £12,762 (2024: £286,690) from/to Cleethorpes Light Railway Ltd, a company controlled by the directors. At the year end, the balance owed to the Company was £169,204 ((2024: £168,942).

In the year, the Company advanced funds amounting to £118,000 (2024: £Nil) to North Bay Railway Company Ltd, a company controlled by the directors. At the year end, the balance owed to the Company was £118,000 (2024: Nil).